Really looking forward to tomorrow's trading day to see whether...

Really looking forward to tomorrow's trading day to see whether the short term rising channel will prevail or the long term down-trending channel.

We had a rejection today at the higher end to keep price below the long-term resistance line, but the rising support line will be back again tomorrow to have another swing.



personally, i would rather invest at the end of a "down wave" turning positive, than 3 weeks into an already running "up wave" that's due to turn "down wave" soon. Which is what i'll do to add to my pile.

There's been some excitement and articles about
- Shorters covering hard on Pilbara (PLS); and
- Excitement of what spot price will do

But it's not over until the fat lady sings and literally one day after the "covering of PLS" article, they went and shorted hard the next day



and spot price isn't doing much... actually a slight fall



there's been solid "net buying" over the last 2-4 days, which i estimate to result in a result of "shorts covering" once the ASIC data is announced.

However... based on the data i've been collecting i feel the big end of town are kind of reluctant to cover too much. They're forced to, because similar low MC peers such as LKE, and SYA have been having big gains lately and AGY has to follow suit but you can tell the shorters aren't so keen, a couple of signs:

- AGY Price gains have been much less than the other similar low MC
- Their bots are manipulating the price to be on the lower end, to help it lower, even during a rising day.

for example if a trade goes in to push it higher to 11.5c, the bot will automatically put it back down to 11.25c.

anyway... watching with eager eyes.